Wednesday, May 6, 2009

Cisco reports lower profit, but beats Street views (CSCO)

We are fans.That $30 Billion cash hoard makes it easier to sleep at night, their new 'green' ventures make it interesting to get up in the morning....-Cisco and Energy

From MarketWatch:

Cisco Systems on Wednesday reported a drop in profit, though the networking giant exceeded Wall Street's expectations as it faced what the company's CEO described as a "period of evolving market dynamics.">>>MORE

The stock is up 4% in early afterhours trade.The conference call is going on right now, I'll dig up the transcript tomorrow.